If you can't sell your home, try paying the buyer to buy your home

Can’t sell your home? Try this approach (maybe)

Filed Under retirement, sell your home |

You’ve heard of home sellers offering vacations, cash incentives, etc. if someone will purchase their home, right? Well did you hear the one about the Pennsylvania couple who is offering themselves?This is a new one to me, but you just never know what ideas people will come up with to sell their home. This particular couple is saying that if someone comes in and buys their home (they’re asking about $400,000), they will give the buyer all of that money back plus $100,000. Wow!

But wait, if I understand right, the catch is that the buyer has to wait until both sellers die before they get the money back. In addition to that, if the buyer agrees to take care of seller couple in their retirement years, they will inherit their retirement home. That brings the inheritance up to about $500,000. The buyers do have to agree to one thing: when the couple dies, they have to be shown to have died of natural causes or else the deal is off. At first I wondered at this stipulation but then I thought a little more deviously and the reasoning became clear.

Is this the direction the market is headed? They say a changing market brings changing methods of doing business and after reading this story, they’re absolutely right!

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